Two-Unit
For Sale
$485,000
855 Starr Hill Rd, Paducah, KY 42003
Separate parking serves each residence, and the lower unit has step-free ground-level access.
Property Size3,400 SF
Lot Size1.30 Acres
Price / SF$142.65
Days on Market22
Property Features for 855 Starr Hill Rd
General Information
Standard status
Active
Size
3,400 SF
Lot size
1.30 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
covered front porch
back patio
lawn
Building Details
Year Renovated
2024
Buildings
1
Listing Agency:
HRE Advisors
(270) 705-5355
Listed By:
Kelly Hack · License #275758
(270) 331-4038
Source:
Exprealty
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 6:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HRE Advisors
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Investment Insights
Based on property information with market context.
This 3,400-square-foot duplex contains two independent residences. The upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch; the lower unit has 2 bedrooms, 1 bathroom, and step-free access at ground level. A 2024 remodel updated the property, which also has a metal roof, hardwood floors, tiled kitchen backsplashes, and updated bath vanities.
The property occupies 1.3 acres, with a back patio and lawn. Gravel parking serves the upper residence, while the lower unit has paved parking. Active leases are in place.
The property occupies 1.3 acres, with a back patio and lawn. Gravel parking serves the upper residence, while the lower unit has paved parking. Active leases are in place.
Key Highlights
- 3,400‑square‑foot duplex with two residences
- Upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch
- Lower unit has 2 bedrooms, 1 bathroom, and step‑free ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,685
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,700
$613.7K
Cap Rate 7%
$438,357
$438.4K
Cap Rate 9%
$340,944
$340.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$47.7K $14.04/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$43.8K $12.89/SF
− OpEx
−$13.2K −$3.87/SF
NOI
$30.7K $9.03/SF
Area
McCracken County, KY
Vacancy
8.17%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,700
Cap Rate 7%
$438,357
Cap Rate 9%
$340,944
Alternative Uses
Best Use
Multifamily LT 5
$438.4K
$383.6K – $511.4K
NOI $30,685 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$398.5K
$348.7K – $464.9K
NOI $27,894 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$708.4K
$619.9K – $826.5K
NOI $49,589 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate parking serves each residence, and the lower unit has step-free ground-level access.
Where is this duplex located?
The property is located at 855 Starr Hill Rd Paducah, KY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,400‑square‑foot duplex with two residences; Upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch; Lower unit has 2 bedrooms, 1 bathroom, and step‑free ground‑level access
